SBI to issue 10 billion yen onchain bond with XRP rewards

#SBIHoldings announced plans to issue a 10 billion yen ($64.5 million) blockchain-based bond aimed at retail investors. The three-year “SBI START Bonds” will offer a fixed annual interest rate of 1.85% to 2.45%, with settlement managed onchain through BOOSTRY’s ibet for Fin platform.

Eligible investors who purchase at least ¥100,000 worth of the bonds and hold an account with SBI VC Trade can receive rewards in #XRP .